EnerNOC and Numenta Announce Innovative Partnership
Collaboration Provides Unparalleled Ability to Leverage Big Data for Energy
BOSTON, Jan. 29, 2013 (GLOBE NEWSWIRE) -- Today at DistribuTECH, EnerNOC, Inc.
(Nasdaq:ENOC), a leading provider of energy management applications, announced
a partnership with Numenta, a breakthrough machine intelligence company. This
partnership couples Numenta's Grok streaming analytics solution with EnerNOC's
cloud-based software to create opportunities for additional demand response
participation by commercial, institutional, and industrial customers with
variable load profiles and increased ability to detect energy efficiency
faults and anomalies.
This partnership will enable EnerNOC to more effectively predict and monetize
the electricity demand of its portfolio. For example, Grok's capabilities will
integrate with EnerNOC's DemandSMART™ application to optimize the level at
which demand response customers are offered into frequency reserve markets.
EnerNOC participates in frequency reserve markets that involve taking large
loads off the grid in less than a second to maintain grid frequency.
"We're delighted that EnerNOC has selected Grok," said Numenta CEO, Rami
Branitzky. "EnerNOC's ability to capture high-quality, real-time end user
energy data enhanced with Grok's ability to automatically model and
continuously learn from this data is a leading example of how data can be used
to transform energy management. EnerNOC's open architecture made for a
seamless integration, and we're excited to hit the ground running."
EnerNOC plans to seek additional partnerships with innovative firms such as
Numenta that continue to allow the company to harness big data to change the
way the world uses energy.
"Working with Numenta is the start to building a world-class partner network
that will accelerate smart grid innovation," said EnerNOC Chairman and CEO,
Tim Healy. "To date, energy data has largely been a black box for consumers
and utilities alike, and we look forward to pulling back the curtain and
turning energy data into actionable business intelligence and new
opportunities to drive results for our customers."
To learn more about the partnership, visit EnerNOC's booth #3051. DistribuTECH
is the premier annual conference for power industry professionals, focusing on
energy distribution infrastructure and related topics. To speak with a Numenta
expert at DistrbuTECH, please email email@example.com.
EnerNOC unlocks the full value of energy management for our utility and
commercial, institutional, and industrial (C&I) customers by delivering a
comprehensive suite of demand-side management services that reduce real-time
demand for electricity, increase energy efficiency, improve energy supply
transparency in competitive markets, and mitigate emissions. EnerNOC's Utility
Solutions™ offerings, which include both Implementation and Consulting
services, are helping hundreds of utilities and grid operators worldwide meet
their demand-side management objectives. EnerNOC serves thousands of
commercial, institutional, and industrial customers worldwide through its
suite of energy management applications including: DemandSMART™, comprehensive
demand response; EfficiencySMART™, continuous energy savings; and
SupplySMART™, energy price and risk management. Our Network Operations Center
(NOC) offers 24x7x365 customer support. For more information, visit
The EnerNOC, Inc. logo is available at
Numenta's mission is to build solutions that help companies automatically and
intelligently act on the world's data. Numenta's biologically inspired machine
learning technology was first described in Numenta's co-founder Jeff Hawkin's
book, On Intelligence.
Numenta's Grok platform, based on this technology, ingests data streams and
creates actionable predictions in real time. Grok's automated modeling and
continuous learning capability makes it uniquely suited to drive intelligent
action from data streams.
Grok solutions are available directly from Numenta and Numenta partners in a
variety of vertical markets, including electric energy, online advertising,
and IT management. For more information on Numenta and Grok go to
Safe Harbor Statement
Statements in this press release regarding management's future expectations,
beliefs, intentions, goals, strategies, plans or prospects, including, without
limitation, statements relating to the future growth and success of the
Company's energy management applications and services, the ability of the
Company to have an impact on or accelerate smart grid innovation, and the
Company's ability to change the way the world uses energy, may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and other federal securities laws.
Forward-looking statements can be identified by terminology such as
"anticipate," "believe," "could," "could increase the likelihood," "estimate,"
"expect," "intend," "is planned," "may," "should," "will," "will enable,"
"would be expected," "look forward," "may provide," "would" or similar terms,
variations of such terms or the negative of those terms. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
including those risks, uncertainties and factors referred to under the section
"Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and
subsequent Quarterly Reports on Form 10-Q, as well as other documents that may
be filed by EnerNOC from time to time with the Securities and Exchange
Commission. As a result of such risks, uncertainties and factors, the
Company's actual results may differ materially from any future results,
performance or achievements discussed in or implied by the forward-looking
statements contained herein. EnerNOC is providing the information in this
press release as of this date and assumes no obligations to update the
information included in this press release or revise any forward-looking
statements, whether as a result of new information, future events or
CONTACT: EnerNOC Media and Investor Relations:
Numenta Public Relations:
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